Healthy recovery in the US markets yesterday has paved
the way for a strong bounce back across Asian markets
today. Indian indices are also following the global cues
and are trading with gains of nearly 3 per cent each.
opened at 10735 and rallied to a high of 11022. The index
is trading higher by 342 points at 11008 at 11.10 AM.
opened at 3178 and surged to a high of 3272. The index
is trading higher by 87 points at 3265.
stocks are leading today's rally. SAIL has added more
than 6 per cent while Tata Steel is trading nearly 4 per
aluminium stocks, both Nalco and Hindalco have added over
5 per cent each. Sterlite is trading with gains of nearly
6 per cent.
Industries has added over 3.5 per cent while ONGC is maintaining
the uptrend from yesterday and has gained nearly 2 per
has added 5 per cent following the company's results yesterday
and expectations of a fuel price hike early next week.
is the biggest gainer among index stocks as engineering
stocks have made a comeback. The stock is trading more
than 6.5 per cent higher. ABB has gained nearly 5 per
cent while BHEL is trading more than 4 per cent higher.
is continuing its surge from yesterday and has added another
5 per cent. Reliance Communication has added 6.5 per cent.
is the biggest gainer among FMCG stocks, having added
nearly 5 per cent. ITC is trading with gains of nearly
4.5 per cent.
stocks have also recovered. SBI has added over 2.5 per
cent while HDFC Bank is trading more than 3 per cent higher.
ICICI Bank is trading with gains of over 2 per cent.
auto stocks, Tata Motors has gained over 2.5 per cent.
M&M and Maruti have added over 2 per cent each.
Auto is trading nearly 5 per cent higher while Hero Honda
has gained nearly 3 per cent.
has added nearly 4 per cent while Satyam is trading more
than 2.5 per cent higher. Yesterday's big winners, Wipro
and TCS, are more subdued and are trading over 0.5 per
cent each higher.
and Cipla are among the other major gainers.
Pharma is the only loser among Nifty stocks, trading more
than 2.5 per cent lower.
are doing marginally better than the frontline stocks
and most of the stocks are trading with significant gains.
The index is now
trading with gains of around 3.5 per cent. Market breadth
on the NSE is extremely positive with more than 16 stocks
advancing for every declining stock.
NRE Coke, Suryalakshmi Cotton, Mahindra Gesco and India
Bulls are among the gainers in mid-caps.
Infrastructure, Amtek Auto and Dalmia Cement are among
the mid-cap losers.